CIMB Niaga AGMS Agrees To Distribute IDR 2.87 Trillion Dividend

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bank CIMB Niaga Tbk approved to distribute dividends of 60 percent of the 2022 net profit or IDR 2.87 trillion as cash dividends. It is known that in 2022 CIMB NIaga posted a net profit of only IDR 4.78 trillion.

CIMB Niaga President Director Lani Darmawan said 2022 was an encouraging year because CIMB Niaga managed to achieve the highest net profit in history, which was IDR 5 trillion or grew 23 percent year on year (yoy).

"This increase was driven by strong credit growth, asset quality, and good operational load management," he told the media, Tuesday, April 11.

He continued, the growth in net profit resulted in profit per share increasing to Rp202.21 per share.

"With this achievement, CIMB Niaga's net profit in the last 5 years has grown on average in double-digit positions of 10 percent per year (10 percent CAGR)," explained Lani.

The cash dividend will be paid on May 10, 2023. The remaining net profit for the 2022 financial year after deducting the distribution of cash dividends, was recorded as retained earnings to finance the company's business activities.

"We are grateful for the trust and support from stakeholders and shareholders, so that CIMB Niaga can seize opportunities to encourage Bank growth even in the midst of Indonesia's economic recovery and revival from global challenges," he said.

"We are committed to continuing to create added value for shareholders with a strategic focus on profitable and sustainable business growth," concluded Lani.